Updated about 10 years ago on . Most recent reply
Buying Rental Properties Under An LLC?
Im interested in purchasing an rental investment property but will like to see how are investor purchasing there investment properties? It will be my first property I purchased.
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Steve Vaughan
#1 Personal Finance Contributor
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
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Steve Vaughan#1 Personal Finance Contributor
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
I am comfortable owning single-families in my own name with good insurance @Ray Jimenez . I only put commercial properties (5 units +) inside LLCs.
Too many problems financing and insuring residential property inside LLCs I've seen. Just search for "I can't get financing LLC or Can't get insurance LLC or I transferred my house to an LLC now the bank is calling the loan due- LLC and DOS."
I'm not an attorney or CPA. Just sharing how I've done it over the past 12 years.